US Fed FOMC Meeting Live Updates: Dollar at three-year low; 25 bps cut priced in but Powell commentary key
Published on 17/09/2025 02:52 PM
Inflation in the US remains above the US Fed’s 2% goal and can increase further if the tariffs push costs up.
The US CPI increased by a seasonally adjusted 0.4% in August, double the 0.2% increase in July. This has pushed annual inflation to 2.9%, which is in-line with the economists’ expectations.
The Bloomberg Dollar Spot Index declined for the third consecutive day, declining 0.1% as Street awaited the US Fed’s decision and further guidance.
The US job growth cooled in August with unemployment rate increasing to its highest since 2021.
Also, as per data released last, the US job growth was far less robust in the year till March than previously reported.
The number of workers on payrolls is likely to be revised down by 9.11 lakh or 0.6%, as per the US government’s preliminary benchmark revision. The final figures are due early next year.
China’s internet regulator has told the country’s biggest tech companies to stop buying all Nvidia’s AI chips and terminate their existing orders, news agency Bloomberg reported, citing an FT report that cited three sources.
Earlier this week, US President Donald Trump predicted a “big cut” from the US Fed.
“I think you have a big cut. It’s perfect for cutting,” he told reporters on Sunday.
The US President has been pressuring US Fed Chair Jerome Powell to cut rates and has also repeatedly encouraged him to resign.
US benchmark indices paused on Tuesday, September 16, following a strong rally that propelled them to a record high.
The Dow Jones traded in a 300-point range and closed 120 points lower, while the S&P 500, traded in a 25-point range. Meanwhile, the broader market index, with the Nasdaq also closed marginally below the flat line.
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The US Fed is likely to cut interest rates by 25 basis points today. This will be the Fed’s first rate cut in 2025, so far.
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